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    109 Congress St Portland, ME 04101

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    For Sale
    $3,500,000

    Retail and multifamily buildings with development potential in Portland.

    Property size:
    6,095 SF
    Lot size:
    0.14 Acres

    Property Features for 109 Congress St

    General Information

    Size
    6,095 SF
    Lot size
    0.14 Acres

    Source: Porta & Company Agent Vince Ciampi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Portland Retail and Residential Buildings

    Located in an iconic Portland location on Munjoy Hill, this property includes a retail building and a three-family apartment building. Paved parking is available for both buildings. Conceptual plans exist for a 21-unit condominium development. This property presents opportunities for investors, owner occupants, and developers. The property size is 6095 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Donatelli's Custom Tailor ... Tailor

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Food Market Clothing Store Daycare Center Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2476371
    Latitude
    43.6662925

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    FAQs

    What type of property is this?
    Retail space - Retail and multifamily buildings with development potential in Portland.
    Where is this retail space located?
    The property is located at 109 Congress St Portland, ME.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Iconic Portland location on top of Munjoy Hill.; - Opportunity for investors, owner occupants, and developers.; - Conceptual plans for **21-unit condo development.**
    (207) 747-1515
    Request Owner's contact information
    109 Congress St Portland, ME 04101
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    Portland, ME 04101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    109 Congress St Portland, ME 04101
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